Air-Quality Improvement Tax Incentives

Program Overview

Implementing Sector State
Category Financial Incentive
State Ohio
Incentive Type Other Incentive
Administrator Ohio Department of Development
Eligible Renewable/Other Technologies Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Solar Photovoltaics, Wind (All), Biomass, Combined Heat & Power, Landfill Gas, Wind (Small)
Eligible Efficiency Technologies Lighting, Chillers, Boilers, Air conditioners, Processing and Manufacturing Equipment, Other EE
Applicable Sectors Commercial, Industrial

Summary

The Ohio Air Quality Development Authority (OAQDA) provides assistance for new air quality projects in Ohio, for both small and large businesses. For qualifying projects, OAQDA can provide a 100 percent exemption from the tangible personal property tax (on property purchased as part of an air quality project), real property tax (on real property comprising an air quality project), a portion of the corporate franchise tax (under the net worth base calculation), sales and use tax (on the personal property purchased specifically for the air quality project only) as long as the bond or note issued by OAQDA is outstanding. Furthermore, interest income on bonds and notes issued by OAQDA is exempt from state income tax (and may be exempt in certain cases from the federal income tax).

Qualifying air quality facilities, which can be financed through the OAQDA, include:

1. Projects that modify or replace property, processes, devices, equipment, or structures that removes (or otherwise reduces, stores) air pollution and air contaminants.

2. Any property used for the collection, storage, treatment, processing, or final disposal of solid waste resulting from an air pollution control process.

3. Any energy efficiency or conservation project.

4. Any project that uses renewable or biomass resources, including ethanol and other biofuel.

Authorities

Name ORC 3706 et seq.

Contact

Information OAQDA
Organization:
Ohio Air Quality Development Authority
Address:
50 W Broad Street
Columbus, OH 43215
Phone:
(800) 225-5051